CyberArk Software’s (CYBR) Equal Weight Rating Reiterated at Morgan Stanley

CyberArk Software (NASDAQ:CYBR)‘s stock had its “equal weight” rating restated by analysts at Morgan Stanley in a research note issued on Tuesday,Benzinga reports. They currently have a $316.00 price target on the technology company’s stock. Morgan Stanley’s price target points to a potential downside of 5.15% from the company’s current price.

CYBR has been the subject of a number of other research reports. Wedbush boosted their target price on CyberArk Software from $300.00 to $325.00 and gave the company an “outperform” rating in a research note on Tuesday, October 1st. Barclays boosted their price objective on CyberArk Software from $330.00 to $335.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. Stifel Nicolaus raised their target price on shares of CyberArk Software from $335.00 to $370.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. UBS Group upped their price target on shares of CyberArk Software from $340.00 to $360.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Finally, Mizuho increased their price target on shares of CyberArk Software from $345.00 to $365.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. One research analyst has rated the stock with a hold rating and twenty-seven have given a buy rating to the company’s stock. Based on data from MarketBeat, CyberArk Software currently has a consensus rating of “Moderate Buy” and a consensus price target of $339.22.

CyberArk Software Stock Performance

CYBR stock opened at $333.15 on Tuesday. The company has a market capitalization of $14.52 billion, a PE ratio of 1,233.93 and a beta of 1.13. CyberArk Software has a one year low of $205.59 and a one year high of $336.84. The company’s 50 day moving average price is $310.09 and its two-hundred day moving average price is $286.03.

CyberArk Software (NASDAQ:CYBR) last issued its earnings results on Wednesday, November 13th. The technology company reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.48. The company had revenue of $240.10 million for the quarter, compared to analysts’ expectations of $234.10 million. CyberArk Software had a net margin of 1.38% and a return on equity of 2.29%. The firm’s revenue was up 25.6% compared to the same quarter last year. During the same quarter last year, the company earned ($0.31) EPS. On average, research analysts predict that CyberArk Software will post -0.58 EPS for the current year.

Institutional Trading of CyberArk Software

Hedge funds and other institutional investors have recently modified their holdings of the business. Assetmark Inc. boosted its position in shares of CyberArk Software by 1,025.0% in the 3rd quarter. Assetmark Inc. now owns 135 shares of the technology company’s stock worth $39,000 after purchasing an additional 123 shares in the last quarter. Arcadia Investment Management Corp MI raised its stake in CyberArk Software by 42.2% during the second quarter. Arcadia Investment Management Corp MI now owns 182 shares of the technology company’s stock valued at $50,000 after buying an additional 54 shares during the last quarter. Transcendent Capital Group LLC bought a new stake in CyberArk Software in the third quarter worth $51,000. Future Financial Wealth Managment LLC purchased a new stake in shares of CyberArk Software in the third quarter worth $87,000. Finally, Centaurus Financial Inc. purchased a new stake in shares of CyberArk Software in the second quarter worth $109,000. 91.84% of the stock is owned by hedge funds and other institutional investors.

About CyberArk Software

CyberArk Software Ltd., together with its subsidiaries, develops, markets, and sells software-based identity security solutions and services in the United States, Europe, the Middle East, Africa, and internationally. Its solutions include Privileged Access Manager, which offers risk-based credential security and session; Vendor Privileged Access Manager combines Privileged Access Manager and Remote Access to provide secure access to third-party vendors; Dynamic Privileged Access, a SaaS solution that provides just-in-time access to Linux Virtual Machines; Endpoint Privilege Manager, a SaaS solution that secures privileges on the endpoint; and Secure Desktop, a solution that protects access to endpoints.